FX:NZDUSD   New Zealand Dollar/U.S. Dollar
8040 50 198
6 months ago
The NZDUSD             is in a corrective structure (looks like a triangle) which could break both ways, the down side is what I am interested in and will be selling the breakout.

Trade with care.
Thank you for your support.


https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos

The two latest videos are must watch !
6 months ago
Comment:
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Dariusuy
6 months ago
Spasiva
+1 Reply
yiyuanxy555
6 months ago
Thanks Anil and nice chart, I just got out of my short position @ 0.67665 which opened two days ago, it almost kills me
+1 Reply
AlexBeyd
6 months ago
Hi Mr. Anil, if I interpret the triangle correctly, it should give an up thrust?
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farid_ardavani
6 months ago
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KhairulFikri
6 months ago
whait forr ittt
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lukelehepuu PRO
6 months ago
Great chart! :) I am also seeing something somewhat similar, but looking for a break to the upside :D
EURNZD IDEA
+1 Reply
wangbujun
6 months ago
just waiting for my sell point!!
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eluma
6 months ago
Is there any reason to be more supportive of the downside breakout compared to the upside?
I'm Still quite new to trading but from how i see, it seems like the chance of it going up is still higher.

NZDUSD Setup
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tst
6 months ago
Looks like a great trade setup Anil thanks for sharing. Im looking at a trade like this with one more small move up.
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missmatch
6 months ago
Thank you, amazing.
+1 Reply
AngelaGeter
6 months ago
I am a new trader here. Do you share signals?
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mlbo AngelaGeter
6 months ago
he doesn not give signals for a good reason. you will not become a successfull trader with copying signals.
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onjunza
6 months ago
Thank Anil
+1 Reply
sir breakout done in selling mode. but tonight FOMC news in our direction or not????
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Miz
6 months ago
short on this pair :)
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mywc
6 months ago
Same idea here! Hope this plays off well (:
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Thank You
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Miz reynaldo.flores.morgan
6 months ago
you entered?

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IAmAgainst
6 months ago
I think forex has it with me cause every time I buy/sell a breakout it gets back inside the broken trendline.. Do you consider a breakout done only when a 4h candle closes or 1h is enough for you to consider it valid?
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it broke both the 1hr and 4 hr & went back in. how do we solve this Mr Anil. please advise. thank you!
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anilmangal TOP richard.wong.330467
6 months ago
OK what was your strategy for trading this break out , because by my strategy that I used, I am not in the trade.
+1 Reply
anilmangal TOP anilmangal
6 months ago
Then have you personally tested that strategy you are using ? where and why was you entry and where and why was you stop?
+1 Reply
anilmangal TOP anilmangal
6 months ago
If you have a stop based on your strategy that you have tested then you KNOW how many losing trade that strategy will give you and if you know that then why freak out? What was your money management ? if your money management allows you to have a certain Number of losing trades based on your strategy then why freakout?
+2 Reply
richard.wong.330467 anilmangal
6 months ago
i just followed the first picture. selling the breakout.
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anilmangal TOP richard.wong.330467
6 months ago
That my friend is NOT A STRATEGY!
+3 Reply
anilmangal TOP richard.wong.330467
6 months ago
If you had the same strategy as me then by the RULES OF IT you would not be in the trade.
+2 Reply
richard.wong.330467 anilmangal
6 months ago
oh ok. thanks.
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anilmangal TOP richard.wong.330467
6 months ago
In short without the rules but just an idea here is what you should have done
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+8 Reply
richard.wong.330467 anilmangal
6 months ago
ok thanks. guess i missed that confirmation part.
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anilmangal TOP richard.wong.330467
6 months ago
There are Rules as what the confirmation is for every breakout trades and it is different depends on what breakout I am trading ,so like I said this is just an idea of what i was looking for on this trade. It has to do with the structure I am looking at on any given trade.
+2 Reply
anilmangal TOP richard.wong.330467
6 months ago
Some time you get the confirmation and you still take a loss, but that is trading and that is why we use good money management.
+2 Reply
Laurence anilmangal
6 months ago
Thank you for this :D
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mlbo anilmangal
6 months ago
great explaination. many traders need to learn this. maybe you could put some words how this "confirmation" could look like in your view
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anilmangal TOP mlbo
6 months ago
I could , it will take about two weeks of theory an hour a day and about 4 weeks of practice 2 hrs daily to get the concept , then you will need a lot of practice under guidance in some kind of a 24/5 trading room (live) and maybe 2 daily updates on the charts so see if you are doing it right. I believe I know where you can all of that .
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anilmangal TOP anilmangal
6 months ago
watch my last free webinar to the end .
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by confirmations do you mean RSI/volume indicator to cyper whether it is a true break out or fakeout?
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anilmangal TOP DavidMarcy_TradeHuntFx
6 months ago
no, I don't use any indicator to trade.
+1 Reply
DavidMarcy_TradeHuntFx PRO anilmangal
6 months ago
so you use price action as your confirmation?
+1 Reply
PIPCATCHER
6 months ago
NZDUSD: okay to sell now (at 0.6749) and TP at 0.6525?
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adamzahra
6 months ago
i think the time now for sale nzd usd
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PIPCATCHER adamzahra
6 months ago
Thank you, Adam!
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Miz
6 months ago
I have now gone short, Looks to be consolidating and have broken below
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didar.alam
6 months ago
i place sell trade on at 0.67365....
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ghostmtrading
6 months ago
i have to close it now ?
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Junior
6 months ago
can i enter now and short position?
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nxtleveltrader
6 months ago
Hi Anil, would you say this trade is still in play and that a good confirmation would be a kiss good bye of the trendline that ive marked on this chart? Say if an hourly or 4 hourly candle meets and then closes below the trendline? Thanks for the very informative posts!

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anilmangal TOP nxtleveltrader
6 months ago
I posted an update
+1 Reply
Hi Anil,

I believe there is a good chance of Flat correction on it's way.

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Heelfan23 PRO
6 months ago
Hello Anil!! Looks like there could be a very nice long opportunity setting up on EURNZD.
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anilmangal TOP Heelfan23
6 months ago
Still in consolidation, let's see.
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